POLAND 50 ZLOTY FROM 1979

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Country and Pick Number: Poland;Zloty

First year of issue: 1979

Denomination and currency: 50Zloty

Issue type: circulated

Signature(s): see the scan

Description of paper money: Banknote 1979;Portrait of Karol Świerczewski alias Walter 1897-1947,activist of the Polish Communist Party,Lieutenant General of the Polish ArmySeries CE 2450968

Back –Order of the Cross of Grunwald.Multicolor. 

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The złoty (golden) is a traditional Polish currency unit dating back to the late Middle Ages. 
Between 1950 and 1990, a unit known as the złoty dewizowy (which may be roughly translated as the "foreign exchange złoty") was used as an artificial currency for calculation purposes only. It existed because at the time the złoty was not convertible (like most Warsaw Bloc currencies) and its official rate of exchange was set by the government. Additionally several exchange rates existed depending on the purpose of the transaction and who was exchanging; for example, złoty could be exchanged for, say, US dollars at one of several official exchange rates depending on what was to be bought with the hard currency and the entity that was buying.

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    POLAND 50 ZLOTY FROM 1979

    POLAND 50 ZLOTY FROM 1979

    Country and Pick Number: Poland;Zloty

    First year of issue: 1979

    Denomination and currency: 50Zloty

    Issue type: circulated

    Signature(s): see the scan

    Description of paper money: Banknote 1979;Portrait of Karol Świerczewski alias Walter 1897-1947,activist of the Polish Communist Party,Lieutenant General of the Polish ArmySeries CE 2450968

    Back –Order of the Cross of Grunwald.Multicolor.